FX.co ★ DAX Advances for 4th Day

Frankfurt’s DAX continued its upward trend on Friday, surpassing the 22,100 level, marking its fourth consecutive day of gains. The index is poised to achieve a weekly increase of nearly 4.5%. Investor optimism was lifted by the prospect of a reduction in trade tensions between President Donald Trump and China. Reports indicate that China might lower its 125% tariff on specific U.S. imports, and President Trump has adopted a more conciliatory stance toward Beijing, alleviating fears of a potentially harmful global trade conflict. Meanwhile, attention remained on corporate earnings as the reporting season progressed. Amongst the standout performers, MTU Aero Engines rose 2.6%, leading the index, followed closely by Heidelberg Materials, Brenntag, and Airbus, each recording gains of up to 1.8%. Additionally, stocks in the automotive, technology, and pharmaceutical sectors saw upward movement.